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Solana Price Prediction: On-Chain Metrics and Breakout Charts Align as SOL Targets New Highs
As the crypto market continues to navigate a period of extreme volatility, one project is quietly building momentum. Solana (SOL) has broken out of a prolonged falling wedge pattern, signaling a massive shift in market dynamics.
The on-chain metrics are aligning with this bullish break, as token launches have hit a two-month high, and developer activity has surged to record levels. These factors combined create an extremely strong case for Solana’s price action to continue upward momentum.
Breaking through key resistance near $174, the SOL market has finally triggered over $15 million in short liquidations, causing a major shift in sentiment towards the cryptocurrency. The on-chain metrics are aligning with this bullish break, as token launches have hit a two-month high and developer activity has surged to record levels.
Source: bravenewcoin.com
